Equities – Page 20
-
White papers
Adjusting to the New Paradigm
Many investors could be lacking sufficient inflation exposure after experiencing such a long period of stable prices. Moreover, such a major economic inflection, combined with such fragile markets, is likely to be characterized by the kind of heightened market volatility we have already seen this year.
-
White papers
The Inflation Inflection
The COVID-19 pandemic, and the range of policies aimed at mitigating its impact, has triggered a return to levels of inflation unseen for 40 years. While inflation is likely to moderate from these very high levels during 2022, we believe it will settle and persist at a rate higher than we have become used to over recent cycles.
-
White papers
Ukraine invasion: market reaction
The crisis will create short-term uncertainty and add to inflationary pressures, say fund managers from the international business of Federated Hermes.
-
White papers
Origin Asset Management: Updated on Russia and Ukraine
Ex-Russia, Emerging Markets (EM) equities are holding their own versus the rest of the world, having markedly outperformed since late 2021.
-
White papers
Russia/Ukraine conflict: A sustained market impact?
After weeks of build-up and intelligence warnings, Russia launched a full-scale invasion of Ukraine, unleashing what may end up being the largest European conflict since World War II. The United States, Europe and NATO allies have condemned the move and responded with economic sanctions.
-
White papers
EOS 2021 Annual Review
Although the Covid-19 pandemic continued to exact a heavy toll in 2021, the climate crisis returned to the fore with extreme weather events around the globe, and the starkest warning yet from scientists in the run up to the UN’s COP26 climate summit.
-
White papers
The Supply-Led Inflation Challenge
The Fed could end up playing checkers while the economy is playing chess—with potentially worldwide consequences.
-
White papers
As COVID Cases Fade, Services Ready for Upgrade
January U.S. retail sales surprised to the upside, rising 3.8% M/M. The Omicron wave temporarily halted the shift in consumer spending from goods to services, as at-home sectors gained. Meanwhile, restaurant sales fell for a second-consecutive month.
-
White papers
Top ESG equities show their resilience in 2021
Coming out of a volatile 2020, the sharp rise in inflation and the potential for rising rates were two of the key market drivers during 2021 – and certainly have been for the beginning of 2022. This backdrop does not look set to alter dramatically, at least in the near term.
-
White papers
Investment Viewpoint - Global FinTech: positioning for 2022
In 2021, trends in the FinTech space accelerated and earnings were extremely robust. Valuations for loss-making, hyper-growth companies became more extreme before sheer saturation dampened sentiment.
-
White papers
European equity market: the great value rotation and the dividend appeal
January 2022 was a record month for European value equity, in terms of its outperformance vs. growth. The market’s reassessment of central banks’ actions after their hawkish turn has driven real yields higher and benefitted value stocks, while growth sectors such as technology, which are more sensitive to interest rates duration, have suffered.
-
White papers
Finding the Middle Path in Extreme Equity Markets
Equity markets were jolted in January amid growing concerns about macroeconomic threats. For investors seeking more stable equity allocations, stocks “in the middle,” with high-quality features and reasonable valuations, can help portfolios cope with volatility.
-
White papers
Emerging Markets Charts and Views - Reasons for cautious optimism in 2022
Emerging markets (EM) faced a backlash in 2021 as a consequence of the Chinese slowdown, rising inflation and – at the end of the year – a more hawkish Federal Reserve (Fed). As such, investors, including us, have been cautious and very selective on EM assets.
-
White papers
The journey back to zero real rates
Real interest rates in the US and Europe have reached negative levels that are unprecedented in recent history. We have to go back to the 1970s to find similar levels, and only a handful of past examples since WWII can be used as reference points.
-
White papers
Staying Invested Today: Resiliency in the face of tightening
Financial markets have had an extremely rocky start to 2022. After a month of trading, several major global equity market indices have fallen into correction territory—a drop of 10% from their recent all-time highs—as investors adjust expectations in the presence of United States Federal Reserve (Fed) tightening, elevated inflation, and softening economic growth.
-
White papers
Five Ways Technology Companies Offer Inflation Protection
From the advent of electricity to the adoption of the internet, technology has often been a catalyst for cost reduction. Yet today, investors may find that some technology companies can raise prices amid inflationary pressures, adding to their fundamental appeal in a challenging economic environment.
-
White papers
Cross Asset Investment Strategy - February 2022
Recent sharp increase in nominal and real yields has been reflected in strong movements in equity markets, causing a rotation out of growth into value stocks. We think the uncertainty (Covid, geopolitics) would continue as markets assess the path of inflation, economic growth and monetary policy.
-
White papers
Equitorial, H1 2022: Investing in a net zero future
During his speech at COP26 on 3 November 2021, UK Chancellor of the Exchequer Rishi Sunak declared the need to “rewire the entire global financial system for Net Zero”. To this end, he announced the UK’s intention to become the world’s first ‘Net Zero Aligned Financial Centre’.
-
White papers
China: The Great Disconnect
Chinese equities offer many unique attributes, particularly given the improving access to the onshore market, which offers investors direct exposure to China’s economy as it repositions itself for long-term sustainable growth.
-
White papers
Global Investment Views - February 2022
January has seen strong gyrations in markets, with nominal and real yields rising sharply, driving a strong shift from growth to value in equities. The reassessment of the inflation premium in the wake of demanding valuations has driven a strong repricing of risk premia.